(Updates with further details and background)
July 29 (Reuters) - Global miner BHP Group (BHP) and Canada-listed Lundin Mining LUN.TO will takeover explorer Filo Corp FIL.TO for C$4.5 billion ($3.25 billion), the companies said on Monday, as they move to progress the Filo del Sol and Josemaria projects.
BHP and Lundin will form a 50/50 joint venture to hold both the projects.
Under the deal, BHP is expected to pay a total of $2.1 billion in cash.
BHP and Lundin have offered C$33 per Filo share, reflecting a 12.2% premium to the Canadian copper miner's last close on Monday.
($1 = 1.3854 Canadian dollars)
News: BHP UPDATE 1-BHP and Lundin Mining to buy Filo for $3.25 bln
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Last
$39.25 |
Change
-0.970(2.41%) |
Mkt cap ! $199.2B | |||
| Open | High | Low | Value | Volume |
| $39.27 | $39.69 | $39.18 | $471.5M | 11.99M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 1022 | $39.25 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $39.27 | 72 | 1 |
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